Indian Railway Catering and Tourism Corporation (IRCTC) investors, who had made rich in the stock market till a few days ago, have now got a big setback. The stock price of IRCTC has broken 50 percent from the record high level. Due to this, investors have lost more than 30 thousand crore rupees in just two days.
How much is the share price: During the trading on Tuesday, the share price of IRCTC had reached an all-time high of Rs 6,393. Due to this the company's market capital also touched Rs 1.02 lakh crore. However, after this, there is a continuous profit-booking among the investors. This is the reason that now the share price is trading at a level below Rs 4400 with a loss of about 18 percent. In just two days, investors have lost about Rs 2,000 per share.
How much loss to investors: If we talk about the market capital, then it has come down from 1.02 lakh crores to 70 thousand crores. In this context, the market capitalization has decreased by more than 30 thousand crores. Let us tell you that the market capitalization of any company reflects the profit or loss of the investors. This means that this loss is of IRCTC's investors.
What is the reason: The reason for such a sudden drop in IRCTC's stock is a news related to railways. There are reports in the media that preparations are being made for a regulator in the Railways. The regulator has been recommended for private trains. At the same time, passenger trains and freight can also come under the purview of the regulator. Investors are looking apprehensive because of this news.
Listing took place in 2019: Let us tell you that the initial public offering (IPO) of IRCTC came before it was listed on the stock market. In October 2019, the company's market capitalization was close to Rs 11,000 crore on the day of listing.
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